Rush Limbaugh

-

Dave Ramsey: The biggest financial killer of them all

By KTTH | March 9, 2014

Are you ever watching TV, or go to a vitamin store, and see a product that’s being marketed as something that will make you more awesome? It will make you Faster, stronger, thinner, smarter, multi-lingual, richer – ad infinitum.

Those are bad, but there’s insidious miracle cure out there that’s worse. It’s the No. 1 most marketed product out there. It promises to make you the freest person in the world, but KTTH host Dave Ramsey says it will kill you.

“The credit card is the most aggressively marketed product in our culture today,” said Ramsey.

“Let’s try again. The credit card is the most aggressively marketed product in our culture today. More money is spent, more sophistication is spent, more effort is spent to get you to buy that than anything else – more than the Snuggy, more than the car, more than the latest gadget from Apple, more than a cell phone.

“It’s the most aggressively marketed product in dollars spent, in levels of sophistication in marketing, in consistency, in sheer volume. You can’t even get on an airline without them coming down the aisle and handing out credit card applications like it’s a shot of Wild Turkey.

“It’s unbelievable. And we all just stand back and think nothing about it. It’s worked out well for the society so far! So far, no one has been affected by credit card debt!

“You think credit card debt is where capitalism comes from? That’s pretty stupid on your part. Try working for Victoria’s Secret. You can’t even sell underwear – if you work for Victoria’s Secret you will be fired or not get hours if you don’t market the credit card.

“Your job when you work in retail is to now do the credit card. Your job is to make sure your customers are offered a credit card for the company you work for. This is out of control. Really, it’s crazy. So you really have to stop and think about the number of dollars you are spending on a credit card. It’s absolutely out of control.

“Visa spends $400, $500, $600 million a year just on the Visa brand. That’s not to say your Chase Visa, your Bank of America Visa, your Sun Trust Visa – they all spend another hundred million if not billions.

“I don’t think they ought to be regulated, but I have found this: a whole lot fewer people smoke cigarettes today than did when I was growing up. We knew it killed you back when I was young when the dinosaurs roamed the Earth. The number that smoke now is way down compared to where it was when I was growing up. Why? People realized it killed you.

“I don’t want the government to put the credit card companies out of business. I want you to quit using them because you’re too smart to be taken by a bad product.

“I want everyone to have the right to be stupid. It’s called freedom. I defend your right to be stupid. But I want you to think about what is killing you. Financially, the credit card is the cigarette of the financial world. These teens sitting outside my window right now, they’re going to look back and say, ‘I can’t believe people used to use credit cards.’ And that’s what people are going to look back and say.

The Republican presidential front-runner’s California campaign manager, Tim Clark, told “Armstrong and Getty” that the upcoming primary in Indiana might be the final tipping point, if it hasn’t already happened.

The first rule of the Republican Convention is there are no rules. But Tim Carney, senior political columnist for the Washington Examiner, wonders how much Republican leadership is willing to bend this year in order to block Donald Trump from winning the nomination.

Sounders Contest

Google Ad

Fight for white house

Don't miss

Audio: The Fight For the White House
Ben Shapiro, Michael Medved and David Boze analyze the current crop of GOP presidential hopefuls, with an eye towards who can best take back the White House and defeat Hillary Clinton. Moderated by Jason Rantz.

KTTH gun rights debate

Don't miss

Video: Gun rights debate
In KTTH’s third Freedom Series Debate, hosts Ben Shapiro and Michael Medved sat down with KIRO Radio’s Dave Ross and Ralph Fascitelli, President of Washington Ceasefire, to take on initiatives 594 and 591 and other gun rights issues.

KTTH Debate Video

Don't miss

Real Estate Corner

Robin's Real Estate Reality Talk
We are in a very unique market. Right now our area is showing signs of recovery. We are moving in a positive direction and gaining equity though are ways off from where we were in 2006 and 2007.